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Friday, August 12, 2016
Wednesdays weak session was followed by a flat opening in our market owing to mixed global cues. Subsequently, the Nifty extended its previous day’s down move in the initial hour to test the 8550...
The week started on a positive note with a gap up opening...
Thursday, August 11, 2016
Yesterday, the Nifty opened on a flat note and faced a strong resistance around the 61.8% Fibonacci retracement level (8690) of Tuesdays corrective move from 8728.35 to 8638.20. Due to enhanced...
Wednesday, August 10, 2016
Yesterdays session opened tad higher as indicated by the SGX Nifty. However, this early morning lead was short lived as the index immediately pared down all losses and then consolidated for some...
Tuesday, August 9, 2016
Our markets opened higher to begin the new week on a cheerful note tad above the 8700 mark. However, we witnessed a lethargic and very narrow range movement throughout the day. As a result, the...
Monday, August 8, 2016
The concluded week saw the Nifty witness a minor corrective move after breaching the Rising Wedge pattern. The index then rebounded sharply after nearing the strong support zone of 8500 – 8480...
Saturday, August 6, 2016
The Nifty started the proceedings for the week on a quiet...
Friday, August 5, 2016
Yesterday, our markets opened higher owing to overnight developments over the GST Constitutional Amendment Bill. However, as expected, this eventually turned out to be a non event as we saw a sharp...
Thursday, August 4, 2016
Yesterday, our markets opened tad higher; however, this early morning lead was very short lived as the index posted a open high and started trading lower. As expected, we saw gradual decline...
Wednesday, August 3, 2016
Yesterdays session opened on a flat note despite the SGX Nifty having indicated a soft start for our market. Quite similar to the previous session, the Nifty inched higher in the first half,...
Tuesday, August 2, 2016
Trading for the week began slightly higher owing to mix cues from the global bourses. Subsequently, we witness a continuation of the ongoing optimism and within no time the index reached yet...
Monday, August 1, 2016
The Nifty continued with its uptrend in the week gone by and tested the 8655 mark, which was on our expected lines. If we observe the daily chart meticulously, the last three weeks up move in the...